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Ratios

Spectral AI (MDAI) Cost of Revenue (2022 - 2026)

Spectral AI filings provide 4 years of Cost of Revenue readings, the most recent being $2.2 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 47.37% to $2.2 million in Q4 2025 year-over-year; TTM through Dec 2025 was $10.7 million, a 34.23% decrease, with the full-year FY2025 number at $10.7 million, down 34.23% from a year prior.
  • Cost of Revenue hit $2.2 million in Q4 2025 for Spectral AI, up from $2.2 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $4.5 million in Q3 2024 to a low of $2.0 million in Q3 2023.
  • Median Cost of Revenue over the past 4 years was $3.1 million (2023), compared with a mean of $3.2 million.
  • Biggest five-year swings in Cost of Revenue: surged 128.96% in 2024 and later crashed 51.82% in 2025.
  • Spectral AI's Cost of Revenue stood at $3.6 million in 2022, then fell by 19.85% to $2.9 million in 2023, then soared by 49.28% to $4.3 million in 2024, then crashed by 47.37% to $2.2 million in 2025.
  • The last three reported values for Cost of Revenue were $2.2 million (Q4 2025), $2.2 million (Q3 2025), and $2.8 million (Q2 2025) per Business Quant data.